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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI210: Goal Setting & Achieving your One Thing (Mini-Episode)

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6592 Ratings

🗓️ 20 August 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 05:32 - Why you need to find and focus on your one thing. 05:32 - How you can go about achieving your one thing. 06:09 - Some tips for achieving your long-term goals. 10:47 - Why you should block out time on your calendar for yourself. 11:52 - How you can use the Pareto principle to achieve your goals. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Jay Papasan’s book - The One Thing. Lex Friedman’s day in the life video. Follow Clay on Instagram. Related episode: The ONE Thing w/ Jay Papasan - REI119. Related episode: Value Investing in the Digital Age w/ Adam Seessel - MI196. Related episode: Investing in Tech Companies w/ Clay Finck - MI201. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:02.7

Welcome to the Millennial Investing Podcast.

0:05.0

I'm your host, Clay Fink, and today is another release of our many episode series that we send out to you all every Saturday.

0:12.8

This is the episode where it is just me diving into a specific topic to help you become a better investor.

0:18.6

On today's show, I'm going to be pulling some ideas from

0:21.3

Gary Keller and Jay Papazan's book, The One Thing, and how that can apply to our own

0:26.8

lives when it comes to building wealth. My co-host Robert Leonard actually interviewed Jay on the

0:31.7

Real Estate 101 podcast back in April of this year. That is episode REI 119 of the Real Estate 101 podcast that is actually

0:40.6

in the Millennial Investing podcast feed. With that, let's dive right in.

0:45.5

You're listening to Millennial Investing by the Investors Podcast Network, where your hosts,

0:51.1

Robert Leonard and Clay Fink, interview successful entrepreneurs, business leaders,

0:55.5

and investors to help educate and inspire the millennial generation.

1:05.7

If you happen to listen to my very first many episode on the millennial investing podcast

1:10.7

back on episode

1:12.0

168, you'll know that building wealth comes down to two very simple ideas. First, spending

1:19.0

less than you make, and second, investing the difference into assets that will grow over

1:23.9

time. So it's really a very simple formula or really just a math equation. One of the

1:29.8

things I think many people struggle with and I struggle with myself is figuring out how to speed

1:35.2

up the process. And there are a number of ideas I wanted to talk about in today's episode that

1:40.0

will maybe give you inspiration or help spark no ideas for yourself.

1:50.5

Prior to joining TIP, I worked in the corporate world as an actuary and insurance company.

1:54.4

It's similar to a lot of other jobs in the corporate world and that you would show up every day during the week and generally you're given a list of things or things you're responsible

...

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